Sale of land - Gift

[Bird Legs]

Client wants to sell some land to a young couple. Not related. Sales price $30,000
Couple cannot afford it, but client is good friend of couples parents & grandparents.
Can he sell this for, say, $15,000, to them and gift them the difference with no tax consequence?
Client is married.
All comments appreciated.
Additional-Would there be any taxable event in this instance? Say the basis is $12,000.

[geekgirldany]

On page 21-24 in the Tax Book there is a paragraph on Below Market Sales. It seems like it covers your question.

[solomon]

With your

numbers, gain is 3,000 (15,000-12,000). Gifted amount is 15,000 (30,000-15,000). This assumes the 30,000 is FMV. See Reg. 1.1001-1(e).